Ur-Energy (NYSEAMERICAN:URG) PT Lowered to $2.00

Ur-Energy (NYSEAMERICAN:URG) (TSE:URE) had its price target cut by B. Riley from $3.00 to $2.00 in a report issued on Tuesday morning, Benzinga reports. They currently have a buy rating on the basic materials company’s stock. B. Riley also issued estimates for Ur-Energy’s Q3 2024 earnings at ($0.02) EPS, FY2024 earnings at ($0.11) EPS, FY2025 earnings at $0.03 EPS and FY2026 earnings at $0.12 EPS.

Several other analysts have also recently weighed in on URG. Roth Mkm reduced their price target on Ur-Energy from $2.20 to $2.10 and set a buy rating on the stock in a report on Thursday, May 9th. HC Wainwright cut their price objective on Ur-Energy from $3.20 to $2.70 and set a buy rating on the stock in a research note on Wednesday, August 14th. Finally, Ventum Cap Mkts raised Ur-Energy to a strong-buy rating in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and an average target price of $2.27.

Ur-Energy Trading Up 11.5 %

NYSEAMERICAN:URG opened at $1.16 on Tuesday. The stock has a market cap of $420.23 million, a PE ratio of -6.11 and a beta of 1.12. Ur-Energy has a 1-year low of $0.96 and a 1-year high of $2.01.

Insider Activity at Ur-Energy

In other news, Director Robby Sai Kit Chang sold 60,100 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $1.47, for a total transaction of $88,347.00. Following the completion of the sale, the director now directly owns 73,572 shares of the company’s stock, valued at $108,150.84. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Robby Sai Kit Chang sold 60,100 shares of Ur-Energy stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $1.47, for a total transaction of $88,347.00. Following the transaction, the director now owns 73,572 shares of the company’s stock, valued at $108,150.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James M. Franklin sold 56,305 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $1.59, for a total value of $89,524.95. Following the sale, the director now owns 616,133 shares of the company’s stock, valued at approximately $979,651.47. The disclosure for this sale can be found here. In the last 90 days, insiders sold 189,879 shares of company stock valued at $279,266. 3.29% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ur-Energy

Institutional investors have recently modified their holdings of the business. Van ECK Associates Corp boosted its position in Ur-Energy by 19.1% in the fourth quarter. Van ECK Associates Corp now owns 1,044,167 shares of the basic materials company’s stock worth $1,608,000 after purchasing an additional 167,335 shares during the last quarter. Jump Financial LLC purchased a new position in shares of Ur-Energy in the 4th quarter worth about $109,000. Verity Asset Management Inc. boosted its holdings in shares of Ur-Energy by 6.4% in the 4th quarter. Verity Asset Management Inc. now owns 198,137 shares of the basic materials company’s stock worth $305,000 after buying an additional 12,005 shares during the last quarter. Goehring & Rozencwajg Associates LLC boosted its holdings in shares of Ur-Energy by 3.6% in the 4th quarter. Goehring & Rozencwajg Associates LLC now owns 2,234,763 shares of the basic materials company’s stock worth $3,442,000 after buying an additional 78,440 shares during the last quarter. Finally, Cannon Global Investment Management LLC purchased a new position in shares of Ur-Energy in the 1st quarter worth about $224,000. 57.51% of the stock is owned by institutional investors.

Ur-Energy Company Profile

Ur-Energy Inc engages in the acquisition, exploration, development, and operation of uranium mineral properties. The company holds interests in 12 projects located in the United States. Its flagship property is the Lost Creek project comprising a total of approximately 1,800 unpatented mining claims and three Wyoming mineral leases covering an area of approximately 35,400 acres located in the Great Divide Basin, Wyoming.